Master Data Purchasing

Internal Audit Checklist: Master Data Purchasing

In general, the objective of an internal audit is to assess the risk of material misstatement in financial reporting. Material misstatements can arise from inadequacies in internal controls and from inaccurate management assertions. As such, testing the validity of various implicit managerial assertions is a key objective of an internal auditor. While this applies to […]

COSO 2013

The COSO Internal Control Framework 2013: What are you Waiting For?

Written by Sargon Youmara, Partner, Vonya Global If more companies knew how easy the migration from the 1992 to 2013 framework can be, fewer would drag their heels. A startling fact: a good many companies that have not migrated to the Committee of Sponsoring Organizations of the Treadway Commission (COSO) 2013 Internal Control Framework were […]